Institutional investors cut Bitcoin exposure 17% in Q1 2026, CoinShares finds
CoinDesk reported that a CoinShares review of 13F filings shows professional investors sharply trimmed Bitcoin exposure in the first quarter of 2026. Disclosed holdings fell to 261,000 BTC from 313,000 BTC, a 17% quarter-over-quarter decline. Hedge funds and brokers led the pullback, driving about 95% of total outflows. Bitcoin held by hedge funds dropped 39%, while brokers' holdings slid 53%, pointing to a clear contraction in trading-related capital during the quarter.
Banks moved in the opposite direction, lifting total Bitcoin exposure to 15,200 BTC. JPMorgan Chase and Wells Fargo increased their positions, and Citigroup reported a Bitcoin holding for the first time.
The figures underscore a widening split among institutions: trading-focused firms are scaling back risk, while some traditional banks continue to expand allocations to the asset.